Southwood Home Sales Report

Posted by Joe Manausa on Tuesday, November 30th, 2010 at 10:10am.

Southwood Home sales have reported an unusually large percentage of new home construction sales.

Southwood home sales are reporting strong unit sales, though with 53% of the sales reported are new home construction, it might not be such good news if you already own a home in Southwood. You see, just like everywhere else in Tallahassee, the existing homes for sale in Southwood have too much competition and prices are falling.

Subscribers to the Tallahassee Real Estate Newsletter previously received this graph showing the make-up of home sales in Southwood. It shows the homes sold in 2010 broken down into two groups, new home sales versus existing home sales.

Southwood Home Sales Graph

What this graph reports is that new homes are being built smaller and cheaper in Southwood now compared to what was built in the past, thus creating even more pricing pressure on the homes that exist in the inventory of homes for sale plus the shadow inventory of homes as reported last year.

Existing Home Sales In Southwood

Existing Home Sales In Southwood Tallahassee Florida

In the graph above, we see the average number of existing homes sold each month is about 5, and values have dropped to about $134 per foot. But new homes are being built and sold for $116 per foot, thus we are seeing an increase in the number of new homes selling and a reduction in the number of existing homes being sold.

Additionally, we can deduce that the existing home sellers who have failed to sell their homes are only adding to the inventory of homes that need to be sold, thus creating more pricing pressure than had previously existed. This is not going to be good news to Southwood homeowners who need to sell their homes in the next few years.

Advice For Southwood Home Sellers

My advice for home sellers in Southwood is two-fold:

  1. Take a good study of what is being built and do a thorough job of identifying how your home (built in the past) is built to a different standard than those that are being built today. If that is not the case, then the next point is all that concerns you.
  2. Determine the smart initial market position for your home and do not ask 1 cent higher! Price your home to sell, get it sold, and move on with your life. If you have to do a short sale to make this happen, do it today by talking to a Tallahassee short sale expert. If you home is not a short sale, the sooner you sell it the more you will net from the sale. Sell your Southwood home fast and don't look back!

Recent Arms Length Southwood Home Sales

New Versus Resale Southwood Address Sales Price Size (Sqft) Value Sale Date
Resale 4063 COLLETON CT $139,000 1,483 $94 10/12/2010
New 2409 ORANGE AVE E $169,900 1,393 $122 9/30/2010
New 2417 ORANGE AVE E $159,900 1,393 $115 9/29/2010
New 3910 SHUMARD OAK BLVD $129,400 1,551 $83 9/29/2010
Resale 4066 FOUR OAKS BLVD $126,000 1,521 $83 9/29/2010
New 3076 INDIAN GRASS LN $219,400 1,588 $138 9/28/2010
New 3162 CONE FLOWER DR $321,300 2,570 $125 9/28/2010
New 2421 ORANGE AVE E $200,000 2,181 $92 9/27/2010
New 3798 PINEY GROVE DR $355,300 2,584 $138 9/27/2010
New 2444 RAIN LILY WAY $230,500 1,588 $145 9/22/2010
Resale 4043 SWIFT WAY $172,000 1,474 $117 9/21/2010
Resale 3993 FOUR OAKS BLVD $130,000 1,324 $98 9/20/2010
New 3906 SHUMARD OAK BLVD $190,900 1,889 $101 9/16/2010
Resale 4229 SUMMERTREE DR $335,000 2,486 $135 9/16/2010
New 2413 ORANGE AVE E $205,000 2,088 $98 9/10/2010
Resale 2416 RAIN LILY WAY $199,000 1,393 $143 9/10/2010
Resale 2570 TWAIN DR $608,400 2,847 $214 9/10/2010
New 3025 FOUR OAKS BLVD $198,800 1,393 $143 9/10/2010
Resale 3187 DUNBAR LN $690,000 3,984 $173 9/10/2010
Resale 3790 PINEY GROVE DR $418,600 2,664 $157 9/10/2010
New 3918 SHUMARD OAK BLVD $190,000 1,889 $101 9/10/2010
Resale 3093 MERCHANTS ROW BLVD $141,500 1,521 $93 9/9/2010
New 3914 SHUMARD OAK BLVD $150,000 1,551 $97 9/9/2010
Resale 3771 LONGFELLOW RD $344,000 2,629 $131 9/7/2010
Resale 4112 BILTMORE AVE $315,000 2,368 $133 9/3/2010
New 2428 RAIN LILY WAY $250,000 2,181 $115 8/31/2010
New 3186 CONE FLOWER DR $210,000 1,588 $132 8/30/2010
Resale 2108 NEW DAWN RD $215,000 2,219 $97 8/26/2010
New 3190 CONE FLOWER DR $274,900 2,181 $126 8/25/2010
New 3029 FOUR OAKS BLVD $365,000 3,033 $120 8/23/2010
Resale 4108 BILTMORE AVE $297,500 2,250 $132 8/20/2010
Resale 3249 CAROLLTON DR $390,000 2,815 $139 8/13/2010
Resale 4257 SUMMERTREE DR $301,000 2,227 $135 8/13/2010
Resale 3158 CONE FLOWER DR $207,000 1,400 $148 8/12/2010
Resale 3809 PINEY GROVE DR $283,000 2,250 $126 8/6/2010
New 2412 RAIN LILY WAY $211,500 1,757 $120 7/30/2010
Resale 4640 GROVE PARK DR $625,000 3,378 $185 7/30/2010
New 4058 FOUR OAKS BLVD $228,000 2,280 $100 7/29/2010
Resale 4226 AVON PARK CIR $140,000 1,324 $106 7/26/2010
New 4304 FOUR OAKS BLVD $150,000 1,551 $97 7/23/2010
Resale 3682 MOSSY CREEK LN $785,000 5,064 $155 7/22/2010
Resale 3793 CHANTICLEER CT $495,000 3,282 $151 7/20/2010
Resale 3640 MOSSY CREEK LN $780,000 5,091 $153 7/19/2010
New 3724 RIVERTON TRL $150,000 1,551 $97 7/19/2010
Resale 4028 SHADY VIEW LN $235,000 1,953 $120 7/1/2010
Resale 3258 SALINGER WAY $300,000 2,237 $134 6/30/2010
Resale 3780 IVY GREEN TRL $234,500 1,683 $139 6/30/2010
Resale 3780 IVY GREEN TRL $234,500 1,683 $139 6/30/2010
Resale 4122 FITZGERALD RD $318,000 2,690 $118 6/30/2010
New 3716 RIVERTON TRL $207,200 1,889 $110 6/29/2010
New 3720 RIVERTON TRL $174,900 1,551 $113 6/29/2010
New 3934 SHUMARD OAK BLVD $191,300 1,889 $101 6/29/2010
New 3926 SHUMARD OAK BLVD $150,000 1,551 $97 6/28/2010
New 3930 SHUMARD OAK BLVD $145,000 1,551 $93 6/25/2010
New 3922 SHUMARD OAK BLVD $190,400 1,889 $101 6/23/2010
New 3150 CONE FLOWER DR $336,900 3,060 $110 6/22/2010
New 3079 BENT GRASS LN $258,000 2,088 $124 6/18/2010
Resale 3299 SALINGER WAY $275,000 2,264 $121 6/18/2010
New 3938 SHUMARD OAK BLVD $191,600 1,889 $101 6/18/2010
Resale 3139 MULBERRY PARK BLVD $155,000 1,744 $89 6/17/2010
New 3942 SHUMARD OAK BLVD $154,100 1,551 $99 6/17/2010
New 3946 SHUMARD OAK BLVD $147,500 1,551 $95 6/17/2010
New 3728 RIVERTON TRL $222,700 1,889 $118 6/16/2010
New 3068 INDIAN GRASS LN $265,400 2,093 $127 6/15/2010
New 3950 SHUMARD OAK BLVD $196,800 1,889 $104 6/15/2010
Resale 3142 BARINGER HILL DR $146,000 4,144 $35 6/12/2010
New 4288 FOUR OAKS BLVD $150,000 1,551 $97 6/10/2010
New 2432 RAIN LILY WAY $194,000 1,393 $139 6/9/2010
Resale 3712 RIVERTON TRL $275,000 2,812 $98 6/4/2010
New 2436 RAIN LILY WAY $204,400 1,588 $129 6/3/2010
Resale 2468 LANTANA LN $275,000 2,284 $120 5/28/2010
Resale 3620 BILTMORE AVE $180,000 1,394 $129 5/28/2010
Resale 4342 GROVE PARK DR $255,000 1,962 $130 5/28/2010
New 2440 RAIN LILY WAY $194,200 1,393 $139 5/27/2010
Resale 3262 BELL MEADE TRL $450,000 3,279 $137 5/27/2010
New 4268 FOUR OAKS BLVD $145,000 1,551 $93 5/27/2010
New 4316 FOUR OAKS BLVD $190,000 1,889 $101 5/27/2010
New 4190 FOUR OAKS BLVD $265,000 1,521 $174 5/26/2010
New 4308 FOUR OAKS BLVD $150,000 1,551 $97 5/26/2010
Resale 3775 LONGFELLOW RD $305,000 2,220 $137 5/25/2010
New GROVE PARK DR $495,000 2,505 $198 5/24/2010
New 4296 FOUR OAKS BLVD $190,000 1,889 $101 5/21/2010
New 2404 RAIN LILY WAY $206,000 1,588 $130 5/20/2010
New 3075 BENT GRASS LN $264,000 2,181 $121 5/20/2010
New 4312 FOUR OAKS BLVD $150,000 1,551 $97 5/20/2010
Resale 3252 THOREAU AVE $360,000 2,582 $139 5/19/2010
New 4284 FOUR OAKS BLVD $151,600 1,551 $98 5/19/2010
Resale 3632 BILTMORE AVE $222,000 1,835 $121 5/18/2010
New 3100 MIST FLOWER RD $344,800 3,060 $113 5/17/2010
Resale 3252 THOREAU AVE $285,000 2,582 $110 5/14/2010
New 4300 FOUR OAKS BLVD $154,900 1,551 $100 5/11/2010
Resale 3629 LONGFELLOW RD $188,500 1,695 $111 5/7/2010
Resale 4051 SWIFT WAY $199,900 1,394 $143 5/7/2010
Resale 4536 GROVE PARK DR $695,000 3,571 $195 5/4/2010
Resale 3631 MOSSY CREEK LN $685,000 3,347 $205 4/28/2010
Resale 3629 LONGFELLOW RD $166,000 1,695 $98 4/26/2010
New 2408 RAIN LILY WAY $230,800 2,093 $110 4/20/2010
Resale 3173 MULBERRY PARK BLVD $133,000 1,324 $100 4/15/2010
New 4292 FOUR OAKS BLVD $209,600 1,889 $111 4/9/2010
Resale 3972 GROVE PARK DR $149,000 1,324 $113 4/8/2010
Resale 2525 TWAIN DR $289,300 2,507 $115 4/2/2010
Resale 3080 INDIAN GRASS LN $205,000 1,393 $147 4/2/2010
New 2420 RAIN LILY WAY $217,000 1,588 $137 3/30/2010
New 4280 FOUR OAKS BLVD $210,000 1,889 $111 3/30/2010
Resale 3760 OVERLOOK DR $300,000 2,222 $135 3/19/2010
Resale 3134 BARINGER HILL DR $551,200 4,286 $129 3/8/2010
Resale 3757 ESPLANADE WAY $192,500 1,620 $119 3/3/2010
New 2424 RAIN LILY WAY $208,400 1,393 $150 2/26/2010
Resale 3245 THOREAU AVE $300,000 2,374 $126 2/23/2010
Resale 4031 SWIFT WAY $218,500 1,777 $123 2/23/2010
Resale 3731 FOUR OAKS BLVD $255,000 1,896 $134 2/19/2010
New 3271 ENDICOTT DR $470,000 3,600 $131 2/16/2010
Resale 3245 DUNLEITH LN $265,000 2,156 $123 2/4/2010
Resale 4150 FOUR OAKS BLVD $84,700 2,280 $37 1/16/2010
New 4146 FAULKNER LN $400,000 2,961 $135 1/14/2010
Resale 4240 RALEIGH WAY $227,500 1,632 $139 12/30/2009
Resale 3163 ANDELUSIA AVE $310,000 2,228 $139 12/29/2009
Resale 4024 SHADY VIEW LN $240,000 2,185 $110 12/24/2009
Resale 4560 GROVE PARK DR $220,000 3,819 $58 12/22/2009
Resale 3226 SALINGER WAY $310,000 2,335 $133 12/21/2009
New 3174 CONE FLOWER DR $229,500     12/17/2009
Resale 3797 PINEY GROVE DR $252,500 2,223 $114 12/17/2009
New 3124 MIST FLOWER RD $229,700     12/14/2009
New 4276 FOUR OAKS BLVD $211,000     12/11/2009
Resale 3792 WENTWORTH WAY $336,100 2,330 $144 12/9/2009
Resale 2995 VERDURA POINT DR $264,600 2,292 $115 12/7/2009
New 2400 RAIN LILY WAY $277,500     11/25/2009
Resale 4103 KIPLING CT $302,500 2,368 $128 11/25/2009
New 4272 FOUR OAKS BLVD $165,600     11/25/2009
New 3064 INDIAN GRASS LN $227,700     11/24/2009
New 4264 FOUR OAKS BLVD $201,100     11/24/2009
Resale 2128 DRAYTON DR $361,000 2,529 $143 11/23/2009
New 3060 INDIAN GRASS LN $224,300     11/23/2009
New 3112 MIST FLOWER RD $260,000     11/20/2009
Resale 3677 ESPLANADE WAY $236,000 1,940 $122 11/20/2009
Resale 4107 KIPLING CT $300,000 2,368 $127 11/18/2009
Resale 4073 COLLETON CT $142,500 1,483 $96 11/16/2009
New 3072 INDIAN GRASS LN $276,500     11/13/2009
Resale 3728 IVY GREEN TRL $235,000 1,620 $145 11/12/2009
New 3154 CONE FLOWER DR $240,900     11/10/2009
Resale 3151 MULBERRY PARK BLVD $159,000 1,324 $120 11/6/2009
Resale 4086 FOUR OAKS BLVD $200,000 1,818 $110 11/6/2009
Resale 3746 LONGFELLOW RD $465,000 3,870 $120 10/30/2009
Resale 2542 TWAIN DR $420,000 2,586 $162 10/28/2009
Resale 3976 SHUMARD OAK BLVD $159,200 1,324 $120 10/26/2009
New 3063 BENT GRASS LN $228,200     10/15/2009
Resale 3693 ESPLANADE WAY $242,000 2,012 $120 10/15/2009
Resale 4251 RALEIGH WAY $204,900 1,626 $126 10/15/2009
Resale 3745 OVERLOOK DR $325,000 2,320 $140 10/8/2009
Resale 3250 CAROLLTON DR $256,000 1,782 $144 10/7/2009
Resale 4089 COLLETON CT $215,000 1,966 $109 9/29/2009
New 3080 INDIAN GRASS LN $207,500 1,393 $149 9/28/2009
Resale 3647 MOSSY CREEK LN $684,000 4,354 $157 9/28/2009
New 3056 INDIAN GRASS LN $203,300     9/25/2009
Resale 3093 MERCHANTS ROW BLVD $155,000 1,521 $102 9/25/2009
Resale 3610 LONGFELLOW RD $325,000 2,714 $120 9/25/2009
Resale 2131 SUNLIGHT TER $260,000 2,030 $128 9/23/2009
New 3182 CONE FLOWER DR $275,000     9/21/2009
New 3158 CONE FLOWER DR $204,300 1,400 $146 9/16/2009
New 3052 INDIAN GRASS LN $287,800     9/15/2009
Resale 4018 BLAIRSTONE RD $175,000 1,394 $126 9/15/2009
Resale 3679 ESPLANADE WAY $224,000 1,782 $126 9/14/2009
Resale 3722 LONGFELLOW RD $350,000 2,225 $157 9/14/2009
Resale 3622 BILTMORE AVE $194,000 1,394 $139 9/11/2009
Resale 3232 WHITMAN WAY $305,000 2,707 $113 9/10/2009
Resale 2107 MERRIFIELD LN $225,000 1,620 $139 9/8/2009
Resale 4117 FITZGERALD RD $302,000 2,357 $128 9/4/2009
Resale 3745 FOUR OAKS BLVD $253,000 2,021 $125 9/3/2009
Resale 3258 THOREAU AVE $325,000 2,027 $160 9/1/2009
Resale 4235 RALEIGH WAY $183,000 1,394 $131 8/28/2009
Resale 4560 GROVE PARK DR $550,000 3,819 $144 8/28/2009
Resale 3158 BARINGER HILL DR $375,000 2,794 $134 8/26/2009
New 3084 INDIAN GRASS LN $274,700     8/24/2009
Resale 3653 ESPLANADE WAY $217,500 1,940 $112 8/21/2009
Resale 3757 FOUR OAKS BLVD $255,000 2,045 $125 8/17/2009
Resale 3254 NEWBERRY BLVD $194,000 1,401 $138 8/14/2009
New 3120 MIST FLOWER RD $199,900     8/11/2009
Resale 4042 BLAIRSTONE RD $190,000 1,644 $116 8/6/2009
Resale 3214 YEATS AVE $255,500 2,021 $126 7/31/2009
Resale 4106 FOUR OAKS BLVD $165,000 1,521 $108 7/31/2009
Resale 4298 PARK CROSSING TRL $159,000 1,324 $120 7/24/2009
Resale 4338 GROVE PARK DR $255,000 1,962 $130 7/24/2009
Resale 3153 BARINGER HILL DR $365,000 3,016 $121 7/22/2009
Resale 3614 LONGFELLOW RD $269,900 1,650 $164 7/15/2009
New 4244 FOUR OAKS BLVD $164,000     7/13/2009
Resale 3805 PINEY GROVE DR $265,000 2,368 $112 7/10/2009
Resale 3245 DUNLEITH LN $256,000 2,156 $119 6/30/2009
New 3113 MIST FLOWER RD $330,000 3,251 $102 6/29/2009
New 4252 FOUR OAKS BLVD $164,200     6/26/2009
New 4260 FOUR OAKS BLVD $204,700     6/25/2009
Resale 4286 PARK CROSSING TRL $190,000 1,966 $97 6/19/2009
New 3146 DUXBURY LN $371,000     6/16/2009
Resale 3157 BUCKHEAD TRCE $245,000 1,953 $125 6/15/2009
Resale 2452 RAIN LILY WAY $245,000 1,656 $148 6/12/2009
New 3166 CONE FLOWER DR $350,000 2,966 $118 6/12/2009
Resale 3785 LONGFELLOW RD $320,500 3,385 $95 6/11/2009
Resale 3245 DUNLEITH LN $252,200 2,156 $117 6/10/2009
Resale 3665 LONGFELLOW RD $246,000 1,584 $155 6/9/2009
Resale 3161 MULBERRY PARK BLVD $235,000 1,966 $120 5/29/2009
Resale 3249 UPDIKE RD $428,800 2,622 $164 5/29/2009
Resale 3791 WENTWORTH WAY $566,400 3,914 $145 5/29/2009
New 4190 FOUR OAKS BLVD $162,000 1,521 $107 5/28/2009
New 4240 FOUR OAKS BLVD $197,300     5/28/2009
New 4256 FOUR OAKS BLVD $162,700     5/28/2009
New 2416 RAIN LILY WAY $196,000 1,393 $141 5/27/2009
New 2489 LANTANA LN $330,700     5/27/2009
New 3725 RIVERTON TRL $160,700     5/27/2009
Resale 4274 AVON PARK CIR $177,000 1,744 $101 5/27/2009
New 4248 FOUR OAKS BLVD $162,100     5/22/2009
Resale 2112 NEW DAWN RD $249,900 1,893 $132 5/18/2009
New 2477 LANTANA LN $329,400     5/15/2009
New 2447 ORANGE AVE E $306,000     5/14/2009
Resale 3149 BARINGER HILL DR $291,000 2,988 $97 5/8/2009
Resale 3236 WHITMAN WAY $369,000 2,368 $156 5/1/2009
Resale 3777 FOUR OAKS BLVD $240,000 1,893 $127 4/30/2009
New 2460 RAIN LILY WAY $267,200     4/24/2009
New 2464 RAIN LILY WAY $262,900     4/23/2009
Resale 4077 COLLETON CT $155,000 1,324 $117 4/22/2009
Resale 4221 SUMMERTREE DR $284,000 2,073 $137 4/22/2009
New 3104 MIST FLOWER RD $269,000     4/20/2009
New 2473 LANTANA LN $298,000     4/17/2009
New 2461 LANTANA LN $323,000     4/15/2009
New 3170 CONE FLOWER DR $283,000 2,229 $127 4/15/2009
New 2451 ORANGE AVE E $315,500     4/9/2009
Resale 4243 RALEIGH WAY $220,000 1,394 $158 4/8/2009
Resale 3295 SALINGER WAY $290,000 2,368 $122 3/27/2009
New 4122 FITZGERALD RD $650,400 2,690 $242 3/27/2009
Resale 3669 ESPLANADE WAY $225,000 1,782 $126 3/26/2009
New 3240 APPLETON DR $550,000 2,921 $188 3/24/2009
New 2456 RAIN LILY WAY $275,000     3/20/2009
New 2413 GOLDENROD WAY $380,000     3/13/2009
Resale 4244 GROVE PARK DR $270,000 1,876 $144 3/9/2009
Resale 4300 GROVE PARK DR $264,500 1,584 $167 3/9/2009
Resale 3246 SALINGER WAY $307,000 2,242 $137 2/27/2009
New 2482 GOLDENROD WAY $335,000     2/26/2009
Resale 3995 FOUR OAKS BLVD $169,900 1,483 $115 2/20/2009
New 4182 FOUR OAKS BLVD $203,000     2/17/2009
New 3128 MIST FLOWER RD $263,000     1/30/2009
Resale 3791 OVERLOOK DR $235,000 1,953 $120 1/28/2009
Resale 3728 BILTMORE AVE $237,000 1,683 $141 1/20/2009

Joe Manausa, MBA is a 26 year veteran of real estate brokerage in Tallahassee, Florida and has owned and managed his own company since 1992. He is a daily blogger with content that focuses on real estate analytics and providing his clients with a tactical advantage in today's challenging market.

1 Response to "Southwood Home Sales Report"

Mary Patchell wrote: This is a very informative Blog and attention getting.

Posted on Wednesday, December 8th, 2010 at 8:16pm.

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